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PBS
Nov 29, 2012 4:30pm PST
described the pace of progress on avoiding the fiscal cliff. we discuss where the talks stand with a top democrat, senator kent conrad of north dakota. and the glitter of silver-- it's up over 20% this year. we go digging for the outlook on precious metals for the year ahead. that and more tonight on nbr! the path away from the fiscal cliff is neither straight nor smooth. talks hit a snag today as both republicans and democrats traded verbal fire over who goes first. republicans said they'd offered up new tax revenues, but have heard nothing from democrats about spending cuts. democrats said republicans were dragging their feet. we begin with darren gersh reporting even a visit by treasury secretary timothy geithner did little to change the mood on capitol hill. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white house. the country doesn't need a victory lap
FOX Business
Nov 29, 2012 10:00pm EST
of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not in a negotiation, but rather competing in the white house media campaign. this is how speaker boehner reacted earlier today to the demands of the white house that were laid out by timothy geithner in a closed-door meeting. the treasury secretary reiterating the president's call for $1.6 trillion in new tax revenue and timothy geithner rrently offering nothing in return. in lieu of federal pending. >> first, despite the claims that the presint supports a balanced appro
PBS
Nov 29, 2012 7:00pm PST
. that and more tonight on nbr! the path away from the fiscal cliff is neither straight nor smooth. talks hit a snag today as both republicans and democrats traded verbal fire over who goes first. republicans said they'd offered up new tax revenues, but have heard nothing from democrats about spending cuts. democrats said republicans were dragging their feet. we begin with darren gersh reporting even a visit by treasury secretary timothy geithner did little to change the mood on capitol hill. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. >> reporter: that's not how the white house sees it. the administration called the republican position that tax rates sho
FOX Business
Nov 30, 2012 4:00pm EST
on the fiscal cliff but for whatever reason little more volatility in the market today. liz: he has been named one of the most influential people of the entire 20th century and going over the fiscal cliff will derail the biggest economic driver in the u.s. and that is biotech. mike milken talking about life-saving drugs, jobs that come with them and our status as the leader of the industry, all at stake if we go over the fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as concern over threats to supply due to mideast violence offset ongoing demand worries and personal spending, are you part of this, it sold for the first time in five months dropping 0.2%. the co
CNBC
Nov 30, 2012 1:00pm EST
that fiscal cliff. they're worried about what the tax structure will look like next year. in all about $20 billion worth of special dividends have been announced in the fourth quarter alone. so is it smart to get in on some of those names that you see on your screen right now? or do these stocks actually hold their value? killer of killer capital is back with us. jeff, have you a very interesting take on this. most people would like to dive into it right now but that may not be what you should be doing. >> that's not the pure angle i'm taking. it is kind of a powerball fool's gold feel. people are rushing in because these companies are coming out with special dividends. watch that "x" date. the stock should drop the special amount of that dividend but i don't think the proper route. people dove in to hewlett-packard. will hurt people in the long run. is there what about the tax structure for the new year and these companies. increasing dividends by in some cases record amounts. >> this year we're seeing more an more people are putting allocation to a dividend stock. you have to be very car
CNBC
Nov 30, 2012 4:00pm EST
the month of november pretty flat overall for stocks. here comes december and the fiscal cliff. that's the first hour of the "closing bell." have a good weekend. maria continues now with the second hour. i'll see you monday. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "the closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the market is closing just fractionally better on the session. it had been up about 30 points just a few minutes ago. it was wild swings and volatility because of a rebalancing of morgan stanley index. that had put a boost under virtually all the stocks in the s&p 500. as a result, we saw a pretty good move to the buy side, although there was a fair amount of hedging. dow jones industrial average closing just about where it opened at 13,023. we got another week in the books. another week without a deal to avoid going over the fiscal cliff. and there's just one more month left of trading this year. so what is in store for investors this december? let me bring in our guests. good to s
FOX News
Nov 29, 2012 7:00pm PST
a grip. the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the white house and the house the last two weeks. >> we're not going to kick the can down the road. this is no time for delay. >> how gutless is it to blame the taxpayers? >> compromise is necessary in the democrats process, but if we come together we will meet this challenge, and make this session of the congress not a lame duck congress, but a blind duck congress. >> listen, this is not a game. jobs are on the line. the american economy is on the line. >> we've got to reduce our long-term deficit. that's also important to long-term economic growth. and we have said we need to do that in a balanc
CNBC
Nov 30, 2012 3:00pm EST
the fiscal cliff mess. the dow is down right now for the month. it's pretty close, though. the s&p and the nasdaq are on track for winning months. here's how we stand now. a bit of volatility. not as much as we've seen lately. i will point out there's a rebalancing of a major international index occurring on the close today, so we're going to get a bunch of volume, maybe more volatility. we'll watch that through the final hour. right now the dow is down 24 points at 12,997. we're back below 13,000 at this hour. the nasdaq, as we said, positive for the month, is down 8.5 points right now. still above 3,000 at 3,003 and change. the s&p 500 is down three points. a little selling here in the beginning of the last hour, now at 1412. as we head into the last month of the year and closer to that fiscal cliff, how should you be positioning yourself right now? let's find out in our "closing bell" exchange today. mark, are you trying to look past this or trying to play the volatility right now that we're experiencing these days? >> no, for our clients, when we're managing money for our cli
MSNBC
Nov 30, 2012 6:00am PST
. >>> with the fiscal cliff ticking, friendly territory that got him re-elected. heading to the pennsylvania suburbs with a campaign-style sales pitch to rally support for his proposals. more crucial developments in the middle east where egyptian leaders push a new constitution. >>> and who do you think had the better lunch on thursday? these guys or this guy? joe biden takes costco by storm. does he do anything else? good morning from washington. it's friday, november 30, 2012, and this is "the daily rundown. i'm chris cillizza in today for chuck todd. the president hits the road today to settle his proposal to avoid the fiscal cliff at a toy factory in the pennsylvania suburbs. the president's opening budget bid landed with a thud on the republican side of capitol hill. after meeting with the president's top negotiator treasury secretary tim geithner, some republicans are calling the white house offer a joke. that's a quote, and a fantasy. that's also a quote. leaving the talks in a familiar place, stalemate. >> no substantive progress has been made in the talks between the white house and the hou
FOX Business
Nov 30, 2012 3:00pm EST
some type of newsbreak about the fiscal cliff over the weekend. buyers have been kept pretty much on the sidelines. house speaker john boehner talking yet again today about the lack of progress in talks with the president. this is a quote "there is almost no progress, but he is willing to move forward in good faith." consumer discretionary stocks have been the week links today. things like yum brands have been down on things like heavy volume. sale estimates missed. hy retail out of fashion once again. coach and tiffany in the red. they missed their earnings numbers. market does not like surprises. let's take a look at metal. gold down about $17. even as the dollar falls against the euro. perhaps, you can blame it on the fiscal cliff. you can mention that silver is down more tightly. lots of things going on in the markets. coming up just a little bbt later in the show, you have to see this. talk about optimism. michael milken. remember him in the 90s? he was a real rock star when it came to backing small entrepreneurial ideas and companies and then became huge. now, he is all abou
FOX Business
Nov 30, 2012 1:00pm EST
his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lots of analysts cutting this stuff today. melissa: lauren, thank you
Comedy Central
Nov 29, 2012 11:00pm PST
combination of tax rate increases and spending cuts now known as the fiscal cliff. >> jon: oh, yeah, that, that was-- (laughter) ladies and gentlemen, the fiscal-- cliff. >> it's the subject of tonight's cliffpocalypsema get-- mageddonocaust, our nation's solvable budget problem. (laughter) (cheers and applause) >> jon: i actually hurt my shoulder just there. it's like i'm 50. so we're now just a little more than a month away from going over the fiscal cliff which is, of course, as we all, what is the fiscal cliff again? >> a toxic combination of spending cuts and tax increases that kicks in at the beginning of next year. >> on january 1s its bush tax cuts will eck prior within the alternative minimum continuation would quick in, hiking taxes for more than half married couples with two children. the payroll tax cut was also expire. >> emergency unemployment benefits end, and 984 billion dollars in the automatic cuts in both defense and domestic budgets are triggered. >> it very likely that we're all going die. >> jon: why did they put that last provision in. see, here is what happened. tw
CNBC
Nov 30, 2012 4:00am EST
.30 is really more about general positive risk appetite on the back of optimism about the fiscal cliff. so that are probably be more of the driver. if we see more news suggesting that maybe something will be done by christmas, perhaps we can advance some more. the dollar still very much negative currency. >> what about the vote we're expecting out of germany with regards to greece, how important is this one? >> it's important, but fairly clear that it will pass. i don't think anybody has any incentive to block it. i think much more of a problem for greece is whether they'll manage that bond buy back. because it's not in the bank's interests at the moment. and there's a problem definitely in achieving the 30 billion required. >> it would certainly seem that it would help support the risk taking we've seen, but even though we're seeing the greek banks react negatively to the news and people wondering what it means if some of the private sector holdouts from the last time around, pension funds and the banks, have to take more losses. >> there isn't a lot of incentives for the greek banks to p
MSNBC
Nov 30, 2012 7:00am PST
backdrop to make his case to the american people about the fiscal cliff. yesterday treasury secretary tim geithner presented an offer to the congressional leaders including the stipulation that taxes go up on the wealthy. the headlines tell the story. "the washington post" wrote, "obama offers plan for cliff, not compromise." "the new york times." "gop balks at white house plan on fiscal crisis." and "the wall street journal," obama's cliff offer spurned. i want to bring in joanne reed and molly ball, political reporter for "the atlantic." good to see both of you. good morning. >> good to be here. >> mitch mcconnell, we are told, literally laughed at the white house's offer. and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fi
CNBC
Nov 30, 2012 12:00pm EST
in equities. the reason being we thought the majority of the bad news associated with the fiscal cliff fears were baked into the market give or take and the risk reward favored being more aggressive in stocks. >> the bottom line is you got more bullish, more recently looking for opportunity when maybe others were running for the hills. >> yeah. we're more worried about fixed income right now. i'll give you interesting numbers. over the last five years, there's been $1 trillion of positive flows into fixed income funds and at the same time there have been half a trillion dollars of outflows from equity funds. so people feel comfortable being in fixed income. they're hesitant to get into equities. we're concerned that when you get some catalyst, like some agreement on the fiscal cliff and the flow begins to reverse that could be dangerous. >> joe, that is kind of fitting with your thinking as well. you've been more constructive just pointing out yesterday that through all of the noise the market's been resilient and we're holding on to 13,000 on the dow. >> and i think keith brings up an excel
CNBC
Nov 30, 2012 6:00am EST
on the fiscal cliff. today's politico's morning money reports the bank's employees have sent more than 15,000 letters to congress in the past into days. all 100 senators received letters from morgan employees and 398 of 436 house members received letters. >> andrew is not out because of rutgers. >> i think he's at home crying for me. no. he's on vacation. >> the latest fund flow data shows investors did in fact pour money into stock etfs amid the optimism that we had for a while about the fiscal cliff. stock etfs raked in about 7.7 billion in new investor cash in the weeks that ended wednesday. that's the most money since the week that the fed announced it's extended stimulus plan. meantime bond mutual funds and etfs combined attracted 1.8 billion in cash and that's the most in three weeks and more than double the previous week's in-flows. two economic reports of note today at 8:30 eastern, personal income and spending polled economists are looking for income to rise by 0.2%. while spending increases by 0.8%. also on the calendar today, but after the show, so never mind -- no. november ch
FOX Business
Nov 30, 2012 11:00am EST
like the fiscal cliff situation will never end. monica crowley want to tell us what will happen here in washington. >> nobody really knows what the next move will be. both sides are pretty firm in their position. for anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >> this is who the president is. this is what he believes. my book is complete with every single time the president has proposed a type of policy. it has evolved the same exact elements we heard from geithner yesterday. higher taxes and more spending. no entitlement reform. connell: not as much of what you think should happen, i am more interested in what will happen. the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceiling came up, they said they would put revenues on the t
FOX
Nov 30, 2012 4:00am PST
by headlines regarding the fiscal cliff. > what is your reaction to a lawmaker who wants to put an extra tax on high-speed trading? what do you think about that? > > i think it is short- sightedness. i don't mean that as any real criticism, but when you look at it, they really want to arrest the problem. it should really be on cancellations. the speed of trading isn't- in my opinion, isn't really the issue. speed should be competitive and whatnot. as long as everyone has the same fair advantage to that, i think that's what the key is. putting a tax on a broad level, saying this will fix all, i think there would be so many unattended consequences as a result of that and what it opens the door for, i just think it is totally counterproductive and really not the solution. it's a hair trigger. > thanks for your thoughts today. good to have you on the show. have a good one. > > you too. president obama heads to philadelphia today to visit a toy manufacturing plant. it's where he will also talk about his plan to avert the so-called fiscal cliff. comments yesterday from house speaker john bohener h
MSNBC
Nov 30, 2012 8:00am PST
. >> you know, the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is filled with sm
CSPAN
Nov 30, 2012 7:00am EST
morning. thanks for taking my call. my comment is about the fiscal cliff and social security, i don't really think that social security has really ever been a cause of the deficit. there's more funds coming in than there is funds being sent out in checks. and this whole security tax is a separate tax from the federal tax. and -- host: so this proposal includes the extension of the payroll tax cut. what do you think of that proposal? >> i think that's fine. i think extending the payroll tax is probably something we're going to have to look at doing. but when they start talking about using social security money, that botters me, because social security is never needed -- has never needed federal dollars before to fund the program. host: ok. off of twitter this is reding who says they have not offered a deficit reduction plan. republican big pledges tax reform and closing unspecified tax loopholes. arthur, good morning. go ahead. what do you think about the proposedal? caller: i think the proposal is kind of ludacris. but i really think that the republicans should back away. they shou
CNBC
Nov 30, 2012 6:00pm EST
euro. i circumspect anything good will happen. >> fiscal cliff is important but we have decisions and the unemployment report and a lot of chinese data so watch out. >> i am going to keep buying gold on dips and keep selling yen on rallies. >> we will see you back here next week on friday on cnbc. >>> i'm jim cramer and welcome to my world. >> he's nuts. they're nuts. they know nothing! >> i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. i'm cramer. welcome to mad money. welcome to cramer. i'm just trying to save you money. my job is not just to entertain you but educate and teach. call me at 1-800-743-cnbc. dow gaining four points, nasdaq slipped .06%. we can talk all we want about what's going to happen next week in terms of earnings, stocks. and we will. but this time our game plan begins oddly and strangely on a sunday. sunday when the treasury secretary of the united states of america will be on "meet the press addressing the fiscal cliff situation. as a student of secretary geithner who has studied every move i believe he will r
FOX News
Nov 30, 2012 3:00pm PST
coming off in the battle over how to get off the fiscal cliff. republicans call president bam become's opening proposal ludicrous. and absurd. the president is going public to try to ridicule the g.o.p. lawmakers to accepting the tax hikes now. >> i miss visiting towns like this. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not accept to believe me and i don't think it's acceptable for you for republicans in congress to hold middle class tax cuts hostage because they don't want the tax rates on the upper income folks to go up. >> within minutes, john boehner fired back the talks are on life support. >> let's not kid ourselves. >> boehner ripped the president for sending treasury secretary ti tim geithner to capitol hill with a proposal that led mitch mcconnell literally burst out laughing. >> the white house took three weeks to respond with any kind of proposal. and much to my disappointment, it wasn't a serious one. >> their beef is the president campaigned
MSNBC
Nov 29, 2012 11:00pm PST
on, that's the fiscal cliff. i want to have you on because i trust in you. thank you, kent conrad. >>> coming up, hot new evidence the republicans have learned nada, nothing, from the election they just lost. yesterday you saw the all-white republican chairmanships in the house of representatives. today's story, the marquee name for the republican party next year ken, cuccinelli, a real winger. wait until you catch his decisions on all kinds of issues affecting women, immigrants, everybody. >>> welcome back to "hardball." it appears republicans have learned few, if any, lessons from the election they just had. and as we said last night, a party that lost overwhelmingly among women, latinos, and african-americans will have house chairmen that all look like those guys. now, the chief strategist of romney's campaign, stu stevens, is describing why he lost. he wrote in "the washington post" today, quote, there was a time not so long ago when the problems of the democratic party revolved around being too liberal and too dependent on minorities. obama turned those problems into advantag
Current
Nov 29, 2012 7:00pm PST
as the leaders lead leaders raftal over the fiscal cliff. we have the good guys, fansing off, of course against the bad guys, the republican and then there is the ugly the rabid right wing that threatens to derail the whoa process. it might seem like the dueling factions will need reach an agreement. but a few days ago john boehner said something very, very telling. he told politico, quote, which is a place for everything. hold everything. there is a price for everything. that, ladies and gentlemen is transactional politics at its finest. what will you give me to get what you want? so, today president obama dispatched his top economic advisor, his deputy to find out exactly what that price is. and that's treasury secretary timothy geithner net with the top four congressional leaders pelosi, ma con el, mcconnell and reid and he brought a specific plan from the white house with him. that plan from the president in trying to resolve the fiscal cliff asks for, $1.6 trillion in new revenue. and that's supposed to come from ra
CNBC
Nov 30, 2012 9:00am EST
this morning starts with what else? the fiscal cliff. the president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1.6 trillion in tax hikes. republicans in morning balking and cliff fears prompt another company to issue a dividend and it's whole foods. >> owner of taco bell, kfc, have warned that sales hit the skids. the shares yesterday hit a fresh high. >>> facebook unlikes zynga. zynga shares are plummeting this morning on the news. >>> never an ego boost for the ceo when the stock falls on the news that he's keeping his job. that's exactly what's happening with groupon as the board keeps andrew mason. >>> the president heading to a pennsylvania factory this morning. republicans have given a thumbs down to the president's plan which includes a $1.6 trillion tax increase, 50 billion in infrastructure spending for next year and limited entitlements cuts. more companies issue special dividends. whole foods will pay $2 a share. kbw yesterday. what's more interesting to you, jim? the cliff discussion and madness or the notion
CNBC
Nov 29, 2012 11:00pm EST
as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress? are the democrats giving? have the democrats given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan the farce that is washington. one of the worst aspects of this era where we have to hang on every word of people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is there are companies doing amazing things, so tonight in the interests of some companies that are doing great things that can make you money, i want to celebrate the products of three terrific companies as well as their stocks, because after all this is "mad money," not mad tablets. first one of my favorites is the column that amazes me, david pope, the "new york times" writer who opines brilliantly in a can't-miss column about tech products. i love this guy. today's product starts well enough, a segment of an npr-call-in segment that he was going to offered opinions, but to quote, all six callers had the same question --
FOX News
Nov 30, 2012 2:00am PST
. >> speaker of the house john boehner giving his take on the lack of progress made in the fiscal cliff talks. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a balanced approach and they want to raise revenue without killing jobs and they are going public with their frustrations. >> i am disappointed in where we are. i am disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its job t
FOX Business
Nov 30, 2012 9:20am EST
. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
CNN
Nov 30, 2012 2:00am PST
. >>> rejected. the gop snubs the white house's opening offer in fiscal cliff talks. >>> upgraded palestine celebrates a new status despite stiff american opposition. >>> rich and now famous. we know the identity of one of those lucky power ball jackpot winners. >> that's good news. >> can't wait to meet that person. >> good morning. welcome to "early start." i'm christine romans. it's friday. >> happy friday. john berman is hosting "starting point" at 7:00. the middle east is getting ugly. insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him
CNBC
Nov 29, 2012 7:00pm EST
. and that is illegal. first up, breaking news on the fiscal cliff front tonight, president obama offered his opening bid in budget talks with republicans, and we have eamon javers with all the details. good even, eamon. >> house republican aides are saying this was a new offer from temperature think geithner on capitol hill for a long series of meegts. there were varying report of whether or not he had made a specific new offer. in fact harry reid told me that he hadn't made a specific new offer. that said, republican sources are laying out the offer they say they got from the white house today. take a look at some of the specifics. you'll see what's prompting the reaction earp just talking about. they say what the white house is offering is 1.6 trillion in tax increases up front, to continue the payroll tax credit or a similar policy, what they call a permanent increase in the debt limits, a one-years extension of extended jobless benefits plan, and at least $50 billion in new spending. i talked to a house gop aide that said this offers a complete break from reality. that said, i also talked to the
Current
Nov 30, 2012 3:00am PST
obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is facing a 2,000 dollar tax hike. on monday of this week the white house released a report saying that could be americans spending $200,000,000,000 less in 2013. the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth
FOX News
Nov 29, 2012 6:00pm PST
is willing to do. >> beware, there's a fiscal cliff ahead, but there's still no plan from the president on how to cut spending. >> made a mistake, but i didn't. almost 18, almost 20 years ago. >> a former democratic representative who was convicted of having sex with an underage girl says he's back, and he's running for congress. all of that, plus a shocking new report that gitmo detainees may be coming to america. "hannity" starts right here, right now. new troubles for u.n. ambassador susan rice this as questions surface about her time at the state department when al-qaeda bombed two african embassies in the late '90s, and how the situation parallels what happened prior to the terror attack in benghazi that left four americans dead. yesterday republican senator susan collins met with ambassador rice for 90 minutes, and after the closed-door meeting the senator questioned rice's role at the state department back in 1998 when she served as the assistant secretary of state for african affairs in the clinton administration. watch this. >> those bombings in 1998 resulted in the loss of lif
CBS
Nov 30, 2012 4:00am PST
offer to resolve the fiscal cliff was anything but flattering. one republican called the offer an insult. both sides are digging in their heels on raising taxes on upper income earners. the white house proposal includes $1.6 trillion in taxes over a decade, 400 billion for medicare, 50 billion in stimulus spending and the end of congressional control over the debt ceiling. susan mcginnis is in washington with more. good morning to you. >> reporter: hey, terrell, good morning. the president's opening salvo there was not well received by republicans. they balked at his plan. he's taking his message to middle class americans at a factory that makes toys. it's a trip republicans are calling an irritant. president obama leaves the white house this morning to head to a toy factory in pennsylvania. he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, t
CNN
Nov 30, 2012 1:00pm PST
, education and housing assistance. as referred to as the fiscal cliff. and when it comes to doing something to avoid it, house speaker john boehner bluntly told reporters today, there is a stalemate. for his part, president obama is trying to break that stalemate by asking voters to put more pressure on the republicans. cnn chief white house correspondent jessica yellin and chief political correspondent gloria borger join us right now. gloria, guess i'll start with you. does the president have any leverage? >> he has a lot of leverage right now. i mean, if you look back to the debt ceiling in the summer of 2011, you recall the president was accused of negotiating with himself because it was sort of a time of weakness for him. right now, look, joe, he's just won re-election. 67% of the american public according to our polls believes that there should be a deal that contains a combination of spending cuts and tax increases. more than half of the american public says, you know what, we'd like the taxes on the wealthy to go up. so he does have public opinion on his side. just been re-elected. s
FOX News
Nov 30, 2012 10:00am PST
back in place. it depends on how much you think going over the fiscal cliff will affect the economy. others say it will be devastating and others say it will be back. it depends on where you stand when you are making these sort of analyses. megyn: it feels like we are left with the economy -- with people's livelihoods and growth in the country and salaries and unemployment benefits. we are just left. both sides are accusing the other of being the untethered risk taker. last night speaker boehner made remarks demanding leadership on the president. here he is. >> this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adults leadership. megyn: is there a political risk to the president? is there a political risk to him in looking a little too bashful little too smart, as they say, when it comes to this game? >> sure, there are political risks all around for both sides. he saw the president today. he has been doing this and will be doing more of it. trying to clean outside game and put pressure on and make the public put pressure on members o
NBC
Nov 30, 2012 11:00am PST
at 11:00, with enthusiasm starting to fade, president obama starting to talk about a fiscal cliff at a manufacturing plant in pennsylvania. what he had to say coming up. >>> sky high. the plan to have downtown san jose standing tall only on nbc bay area. >>> and take a look outside right now. take a look. we have a great view around the bay from the hd traffic camera network. palo alto, san jose and sunol. rain and wind whipping through the areas. yes, there is more to come. in a couple of minutes, meteorologist christina loren will have a complete weather update for you. she will let us know how wet the weekend will be. >>> right now, we want to bring you other local news as well. police right now working on an investigation surrounding a homicide. one man is dead. a woman rushed to the hospital and a suspect on the loose. bob redell is on the scene. bob, you had a chance to dig up information. what have you heard right now? >> reporter: good morning, jon. police just let us up to villa costanza. this is the home where the man was murdered early this morning during the home invas
FOX Business
Nov 30, 2012 5:00pm EST
's take a look at the day's market headlines. stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their single best market, would likely slide. >>> u.s. consumer spending fell for the first time since may. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation is focused on the wealthy to get them to pay more. a new study by the tax foundation flips the argument over who really is paying their fair share on its head. the numbers show tax rate paid by individuals in income top 1%, was 23%. all filers in bottom 50
FOX News
Nov 30, 2012 2:00pm PST
to go over so-called fiscal cliff and president obama is still in campaign mode. in hatfield, pennsylvania, the president was demonizing republicans -- shocker. meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't want tax rates on upper income folks to go up. >> let's not kid ourselves. i'm willing to move forward in good faith. our original framework still stands. >> andrea: the republican leader mitch mcconnell said he burst in laughter when tim geithner outlined the president's plan. what's next? rush limbaugh and charles krauthammer want republicans to walk away and let obama own the mess. >> the best thing to do is back out of this and let obama and democrats have it and do what you want to do. that will happen anyway. i don't know about you, i don't want my fingerprints on this. >> this is almost unheard of. what do they expect? they think the republicans w
MSNBC
Nov 30, 2012 11:00am PST
proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute news conference. fired back with this. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from the white house, white house correspondent kristen welker. what's the latest from 1600 pennsylvania? >> well, good afternoon, craig. as you can see the
CNN
Nov 29, 2012 4:00pm PST
breaking news. new details on the fiscal cliff deal that timothy geithner put on the table today during his meeting with congressional leaders on the hill. these details just coming in. jessica yellin has that and what have you learned about what geithner took you know, listed out with the numbers and put on the table? >> hey, erin, here are some of the details i'm getting from senior officials on both sides. the headline is that he put out a number of $1.6 trillion in new taxes. that was at according to republican officials, a surprise. they expected a much smaller number and that has some republicans crying foul. he proposes extending unemployment insurance. continuing the dock fix. that's approving additional spending on medicare to pay doctors. the amt patch protecting middle income americans. $50 billion in stimulus next year and in return, the administration would offer $400 billion in additional medicare and other entitlement savings next year to be spelled out as they negotiate. there would also be an agreed mechanism for allowing a vote on a debt ceiling increase for perpetui perpe
CNN
Nov 29, 2012 8:00pm PST
the fiscal cliff and the gop's reaction. plus, the u.s. votes no. the legal ramifications for israel are not insignificant. and month ago, doctors say a woman died after they refused to perform an abortion. let's go "outfront." >>> good evening. i'm erin burnett. details just coming in. jessica yellin, our chief white house correspondent has them. what have you learned about what geithner listed out what the numbers and put on the table? >> he put out a number of $1.6 trillion in new taxes. that was, according to republican officials, a surprise. they expected a much smaller number and that has republicans crying foul. additional spending on medicare to pay doctors, protecting middle income americans from a tax hike. $50 billion in stimulus. and in return $400 billion in medicare and other savings next year and an agreed mechanism for allowing a vote on a debt ceiling increase republicans are not at all pleased with this, publicly crying foul. the white house has said that they have signed into law $1 trillion into tax cuts next year and will rg to compromise on more. bottom line, mo
CNN
Nov 29, 2012 11:00pm PST
to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no, but palestine gains size in the u.n. a country. the legal ramifications for israel are not significant. and a month ago, a woman dies after doctors refused to perform her abortion. the woman's husband makes a major announcement today. let's go "outfront." we have breaking news. new details on the fiscal cliff deal that timothy geithner put on the table today during his meeting with congressional leaders on the hill. these details just coming in. jessica yellin has that and what have you learned about what geithner took you know, listed out with the numbers and put on the table? >> hey, erin, here are some of the details i'm getting from senior officials on both sides. the headline is that he put out a number of $1.6 trillion in new taxes. that was at according to republican officials, a surprise. they expected a much smaller number and that has some republicans crying foul. he proposes extending unemployment insurance. continuing the dock fix. that's approving additional spending on medicare to pay doctors. t
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